adminGold Steadies Ahead of Inflation Data as Traders Await Rate Cut
(Bloomberg) — Gold steadied after a two-day advance ahead of US inflation data that may offer clues on the size of the Federal Reserve’s expected rate cut next week. Most…
Oil Stages Modest Rebound After Global Demand Concerns Spur Rout
(Bloomberg) — Oil staged a modest rebound after tumbling to the lowest level since late 2021, with an industry group flagging a drop in US stockpiles. Most Read from Bloomberg…
Instant view: Fed’s Barr unveils sweeping bank capital plan revisions after pushback, delays
NEW YORK (Reuters) – The Federal Reserve's regulatory chief on Tuesday outlined a sweeping overhaul easing two major draft bank capital rules following intense industry opposition that delayed the projects…
A case for a 50 basis point rate cut could be made: Goldman Sachs chief economist
The Federal Reserve front-loading interest rate cuts to reignite a slowing US economy is still a possibility. "I wouldn't rule out 50 basis points, but 25 basis points strikes me…
Fed’s Barr to unveil Basel plan after industry pushback, regulatory delays
By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve's regulatory chief on Tuesday will outline how officials plan to advance the Basel Endgame bank capital hikes after intense industry opposition…
OPEC again lowers 2024, 2025 global oil demand growth view
By Alex Lawler LONDON (Reuters) – OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its…
Here’s the ‘magical’ moment Goldman Sachs sees for tech stocks
To get big tech stocks powering higher again, it will take the convergence of two factors, says Goldman Sachs' veteran tech analyst Kash Rangan. The magic formula is a steady…
German inflation falls to the lowest level in more than three years
By Maria Martinez BERLIN (Reuters) – German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for…
Australia’s Consumer Pessimism Persists as Economy Stagnates
(Bloomberg) — Australia’s consumer confidence dipped in September due to rising concern about the economic outlook and employment prospects with interest rates at a 12-year-high and expected to remain there…
Oil Steadies as Traders Track Risk-On Tone and Storm Francine
(Bloomberg) — Oil held a one-day gain as a risk-on tone returned to wider financial markets, benefiting commodities including crude, while a storm menaced some supplies in the Gulf of…
